Business Flood Insurance
Bryant Asset Protection has partnered with the Philadelphia Insurance Companies to offer commercial clients an important new alternative when it comes to flood insurance for their business premises. As most of us know, flood insurance for businesses is not available through traditional commercial liability policies. Flood insurance has generally only been available through the National Flood Insurance Program (NFIP).
Bryant Asset offers Philadelphia’s new Commercial Primary Flood Insurance Program, which features streamlined business flood coverage for a large number of commercial entities. Best of all, the business flood premiums under this program for acceptable properties are lower than those required under the federal program. In addition, the Program offers HIGHER levels of coverage than the federal program- up to $5.0 million per building.
Acceptable building types include:
Light Manufacturing, and;
Other desirable features of the Commercial Primary Flood Insurance Program include,
- Ability to schedule multiple locations;
- No waiting period;
- No photos are required;
- Replacement cost on Building and Contents;
- No Elevation Certificate required, and
- Deductibles from $1,000 to $100,000 (higher available).
Certain restrictions do apply to this program, including no prior flood losses, certain coastal locations, no condominiums and others, For a complete view of restrictions, you should consult a Bryant Asset Protection Account Manager.
If you would like to discuss the program or apply for a business flood insurance quote, please fill out the contact form below and we’ll give your request a priority response.